Maine Governor Approves 'Millionaire's Tax' Proposal

Mills says she supports new state budget measure targeting high-income earners.

Apr. 2, 2026 at 2:54pm

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Maine Governor Janet Mills has expressed her approval of a 'millionaire's tax' proposal that was recently approved by the state's budget panel. The new tax measure would target high-income earners in the state, though specific details on the tax rate and income thresholds have not yet been released.

Why it matters

The 'millionaire's tax' is part of a broader effort by Maine's state government to raise additional revenue and address economic inequality in the state. As the state continues to grapple with the impacts of the pandemic, this new tax proposal aims to have the state's wealthiest residents contribute more to public services and programs.

The details

The 'millionaire's tax' proposal was approved by Maine's Appropriations and Financial Affairs Committee as part of the state's overall budget plan. While Governor Mills has voiced her support for the measure, the specific details still need to be finalized before the full state legislature can vote on the budget.

  • The 'millionaire's tax' proposal was approved by Maine's budget panel on March 12, 2026.
  • Governor Mills expressed her approval of the measure on April 2, 2026.

The players

Janet Mills

The current Governor of Maine, who has voiced her support for the 'millionaire's tax' proposal.

Maine Appropriations and Financial Affairs Committee

The state legislative committee that approved the 'millionaire's tax' proposal as part of Maine's overall budget plan.

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What they’re saying

“I approve of the 'millionaire's tax' that was approved by the budget panel. This is an important step in ensuring that our wealthiest residents contribute their fair share to support critical public services and programs in Maine.”

— Janet Mills, Governor of Maine

What’s next

The full Maine state legislature will now need to vote on the overall state budget, including the 'millionaire's tax' proposal, before it can be signed into law by Governor Mills.

The takeaway

Maine's proposed 'millionaire's tax' is part of a broader effort by state leaders to address economic inequality and raise additional revenue to fund important public services. The measure has the support of Governor Mills, but the final details and implementation will still need to be worked out by the state legislature.